Jackson Creek Investment Advisors LLC Invests $1.57 Million in Brady Co. (NYSE:BRC)

Jackson Creek Investment Advisors LLC acquired a new stake in Brady Co. (NYSE:BRC) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,238 shares of the industrial products company’s stock, valued at approximately $1,568,000.

Several other large investors have also bought and sold shares of the business. Smartleaf Asset Management LLC raised its position in shares of Brady by 213.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 314 shares during the last quarter. Principal Securities Inc. increased its holdings in Brady by 378.1% in the fourth quarter. Principal Securities Inc. now owns 655 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 518 shares during the last quarter. Point72 DIFC Ltd increased its holdings in Brady by 161.4% in the third quarter. Point72 DIFC Ltd now owns 651 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 402 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Brady by 19.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company’s stock valued at $66,000 after buying an additional 143 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Brady during the fourth quarter worth about $96,000. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Brady Stock Performance

Shares of BRC stock opened at $69.79 on Friday. The stock has a market cap of $3.33 billion, a PE ratio of 17.15 and a beta of 0.76. The stock has a 50-day moving average of $73.49 and a 200-day moving average of $73.93. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.84 and a quick ratio of 1.25. Brady Co. has a one year low of $56.71 and a one year high of $77.68.

Brady (NYSE:BRC) last issued its earnings results on Friday, February 21st. The industrial products company reported $1.00 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.03). The firm had revenue of $356.68 million during the quarter, compared to the consensus estimate of $359.21 million. Brady had a net margin of 14.19% and a return on equity of 19.79%. During the same period in the previous year, the company posted $0.93 EPS. As a group, sell-side analysts expect that Brady Co. will post 4.55 earnings per share for the current year.

Brady Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Wednesday, April 9th. Brady’s payout ratio is presently 24.00%.

Brady Company Profile

Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification.